News
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Stocks
Trump's tariffs send markets reeling, amid trade war and recession fears
Trump announced 10% tariff on all importsTrumps sets higher reciprocal tariffs on many US trading partnersUS stock futures down 3.4%; yen, gold up By Saqib Iqbal Ahmed, Nupur Anand and Laura Matthews NEW YORK, April 2 (Reuters) - President Donald Trump's new tariffs announced on W...Reuters
Wed, Apr 2
Stocks
Australia's Elders, Australian Agricultural fall on Trump's tariff threats
** Shares of agribusiness firm Elders ELD.AX fall as much as 2.4% to A$6.6, their lowest since November 13, 2023 ** Stocks drop as U.S. President Donald Trump plans to impose a 10% baseline tariff on Australian exports ** In his much-awaited reciprocal tariff announcement, Trump singled out Australi...Reuters
Wed, Apr 2
Commodities
Nissan Motor To Suspend Part Of Production Line At Its Mexican Plant, Nikkei Says
April 3 (Reuters) - Nissan Motor Co Ltd 7201.T:NISSAN MOTOR TO SUSPEND PART OF PRODUCTION LINE AT ITS MEXICAN PLANT, NIKKEI SAYSNISSAN MOTOR TO SUSPEND PARTIAL PRODUCTION IN MEXICO AS ITS PLANNED INCREASE IN PRODUCTION WILL END, NIKKEI SAYSSource text: [ID:]Reuters
Wed, Apr 2
Economic Indicator
Companies face a new reality of Trump tariff chaos
Tariffs could raise prices, threaten jobs and slow growth, economists warnCompanies may raise prices or cut investments to cope with tariffsImporters may avoid U.S. due to levies, risking economic slowdownBy Christoph Steitz, Casey Hall, David Gaffen FRANKFURT/SHANGHAI/NEW YORK, April 3 (Reuters)...Reuters
Wed, Apr 2
Other
US judicial panel votes to scrap key part of amicus disclosure rule
By Nate Raymond April 2 (Reuters) - A U.S. judicial panel voted on Wednesday to abandon a core part of a proposed rule aimed at increasing disclosure of who funds friend-of-the-court briefs by outside groups following backlash from the U.S. Chamber of Commerce and other trade associations.The U.S...Reuters
Wed, Apr 2
Forex
Tariffs will cause 'short term bumps,' Trump economic adviser tells Fox Business
WASHINGTON, April 2 (Reuters) - President Donald Trump's Council of Economic Advisers Chair Stephen Miran told Fox Business on Wednesday there will be short-term bumps caused by tariffs announced by Washington."Are there going to be short-term bumps as a result? Absolutely," Miran told F...Reuters
Wed, Apr 2
Other
Canada's Unifor Says Is Calling On The Federal Government To Keep All Options On The Table In The Escalating Trade War With The U.S.
April 2 (Reuters) - UNIFOR: IS CALLING ON THE FEDERAL GOVERNMENT TO KEEP ALL OPTIONS ON THE TABLE IN THE ESCALATING TRADE WAR WITH THE U.S.Source text: https://tinyurl.com/msks36syFurther company coverage: [ ]Reuters
Wed, Apr 2
Commodities
COLUMN-Trump's tariffs already have a major carve-out. Oil and gas: Russell
By Clyde Russell SYDNEY, April 3 (Reuters) - Almost unnoticed in the sweeping new import tariffs announced by U.S. President Donald Trump is that energy commodities have been excluded.The baseline of 10% on all imports to the United States, and higher for many major trading partners, won't ap...Reuters
Wed, Apr 2
Stocks
Lucid's quarterly deliveries rise, Rivian's fall sharply
By Zaheer Kachwala April 2 (Reuters) - Electric automaker Lucid LCID.O posted a 58% jump in first-quarter deliveries on Wednesday as it lowered prices of its vehicles, while peer Rivian Automotive RIVN.O reported a 36% decline. Lucid has also offered incentives including cheaper financing ...Reuters
Wed, Apr 2
Stocks
Australian miners slip after US slaps tariffs on top trader China
** Australian miners .AXMM fall as much as 1.9% to their lowest levels since September 13, 2024 ** Top consumer China was hit with a 34% tariff from the U.S. as part of President Donald Trump's reciprocal tariffs announcement** Shares of mining giants BHP BHP.AX, Rio Tinto RIO.AX and Fortescue F...Reuters
Wed, Apr 2
Other
ERES Says To Sell 1,446 Residential Suites In Netherlands For EUR 337 Million
April 2 (Reuters) - European Residential REIT ERE_u.TO:ERES ANNOUNCES A FURTHER €362 MILLION IN STRATEGIC DISPOSITIONSEUROPEAN RESIDENTIAL REIT - ERES TO SELL 1,446 RESIDENTIAL SUITES IN NETHERLANDS FOR €337 MILLIONEUROPEAN RESIDENTIAL REIT - ERES BOARD TO MAXIMIZE VALUE THROUGH PROPERTY SALES OR SA...Reuters
Wed, Apr 2
Stocks
GLOBAL MARKETS-Stocks slump as tariffs hit tech hard
SINGAPORE, April 3 (Reuters) - Stocks dived, bonds surged, the dollar rose and Asia's markets were set to slide on Thursday as U.S. President Donald Trump announced a bigger-than-expected wall of tariffs around the world's largest economy, upending trade and supply chains.Nasdaq futures NQc1...Reuters
Wed, Apr 2
Commodities
Motiva aims to complete Texas refinery FCC restart by April 10, sources say
HOUSTON, April 2 (Reuters) - Motiva Enterprises MOTIV.UL plans to complete by April 10 the restart of the gasoline-producing fluidic catalytic cracker at its 626,000 barrel-per-day Port Arthur, Texas refinery, said people familiar with plant operations on Wednesday.The 81,000-bpd FCC was shut on Jan...Reuters
Wed, Apr 2
Other
EXCLUSIVE-Ford to offer across-the-board discounts, jumping on recent tariff-induced sales bump
By Nora Eckert and Kalea HallDETROIT, April 2 (Reuters) - Ford Motor F.N plans to announce discounts across multiple models starting on Thursday, three sources said, leaning on its healthy inventory to offer customers thousands off their vehicles as some competitors have hiked prices to absorb added...Reuters
Wed, Apr 2
Forex
EUR/USD pares post-tariff gains, but maintains bullish stance
On Wednesday, the EUR/USD pair saw a bullish surge after the Trump administration announced tariffs that turned out to be less severe than many investors had anticipated, given President Donald Trump’s barrage of tariff threats over the last 72 days.
Fxstreet
Wed, Apr 2
Other
Milbank reaches deal with Trump as divide among law firms deepens
Three other firms challenged Trump executive ordersJudges block parts of Trump's orders against firmsMilbank employs Neal Katyal, a vocal Trump criticBy Jack Queen and Luc Cohen April 2 (Reuters) - A fourth major law U.S. law firm, Milbank, struck a deal on Wednesday with Donald Trump amid th...Reuters
Wed, Apr 2
Other
Traders see stronger chance of more Fed rate cuts this year
April 2 (Reuters) - Traders on Wednesday added to bets the Federal Reserve will cut interest rates at least three times this year, with a fourth rate cut by year's end an increasingly less far-fetched outcome, after U.S. President Donald Trump announced broad-based tariffs that were higher than ...Reuters
Wed, Apr 2
